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SCC tribunal finds gas contract valid, but orders contract termination (PJSC Ukrgasvydobuvannya v Misen and Karpatygaz)

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Published on: 17 July 2018
Published by a Law360 reporter

Table of contents

  • What did the tribunal decide?

Article summary

Law360: An Arbitration Institute of the Stockholm Chamber of Commerce (SCC) tribunal has rejected a Ukrainian natural gas producer’s claims that its Joint Activity Agreement (JAA) with a Swedish oil and gas company was invalid due to corruption, but held that the contract must be terminated anyway because it is no longer worthwhile after the Ukrainian government imposed increased royalties.

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Jurisdiction(s):
United Kingdom

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